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Reuters estimates the PBOC will set the daily USD/CNY midpoint at 6.7065, the reference point around 0115 GMT that anchors the plus or minus 2% onshore trading band. In late August the fixing carried the widest weak-side deviation from consensus in six months after the yuan hit a three and a half year high, signalling discomfort with the speed of appreciation rather than the level, and that braking bias caps CNY-led dollar weakness that has been supporting Asian FX, USD/KRW downside and DXY softness. The gap between the daily fixing and market estimates remains the cleanest read on PBOC intent: a persistently weaker-than-expected fix argues for a firmer dollar and slower Asian risk-asset beta, while a narrowing gap would let the broader yuan uptrend and the associated global liquidity tailwind resume.
As a Forex signal, watch whether it changes price action, volatility, or flows around CNH=X, KRW=X, BTC.
Original Source: InvestingLive Central Banks
This page is market information analysis, not investment advice.
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